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Capital One VentureOne Rewards Credit Card: Decent Travel Perks for No Annual Fee

Capital One VentureOne Rewards Credit Card review
KEY TAKEAWAYS
  • You need excellent credit to get the Capital One VentureOne Rewards Credit Card, although there’s a separate card option for those with good credit.
  • What we think: If you don’t fly often and are not a big spender, the Capital One VentureOne card may be an appealing option as it has no annual fee and flexible redemption options. Other no-annual fee cards may offer higher rewards though, so be sure to shop around.
  • You can earn 5 miles per dollar on travel booked through Capital One Travel and 1.25 miles per dollar on other purchases.
  • Miles can be redeemed for travel, as well as a variety of purchases.
  • The Capital One VentureOne Rewards card does not have an annual fee or any foreign transaction fees.
SUMMARY

The Capital One VentureOne Rewards Credit Card is a rewards card that might work well for casual travelers. It has no annual fee, and its simple rewards structure allows you to easily earn miles on regular purchases. Find out more in this Capital One VentureOne card review.

We’ll answer questions such as:

  • Is there a sign-up bonus for the Capital One VentureOne Rewards card?
  • What are the fees and interest rates for this card?
  • How does the VentureOne Rewards card compare to other options?
  • How do you apply for the VentureOne card from Capital One?
Pros & Cons

Pros

  • No annual fee
  • Intro APR offer
  • Low spending requirement for welcome offer

Cons

  • High APR
  • Good or excellent credit recommended
  • Few travel perks
Capital One VentureOne Rewards Credit Card
LEARN MORE
Key Information
Earn unlimited 1.25X miles on all purchases and 5X miles on hotels and rental cars booked through Capital One Travel. $0 annual fee.

Is the Capital One VentureOne Rewards Credit Card worth it?

The Capital One VentureOne Rewards Credit Card is potentially worth it if you don’t have other rewards cards, you want to maximize value by booking travel through Capital One Travel, or you want a travel rewards card without an annual fee.

  • No annual fee
  • Easy reward structure
  • Earn miles on everyday purchases
  • Flexible redemption options
  • Introductory APR offer
  • Requires excellent credit
  • Limited rewards earnings compared to some other cards
  • Welcome bonus isn’t as large as offered by some other cards

Learn more about the VentureOne Rewards Card 

Rewards

Capital One offers two VentureOne Rewards cards: one for those with good credit and one for those with excellent credit. The review focuses on the card for excellent credit, which has some different rewards perks.

Welcome bonus

The Capital One VentureOne Rewards card comes with a new member sign-up bonus of 20,000 bonus miles. To earn the bonus miles, you must spend $500 or more with the card within the first three months after opening the account. 

Earning miles

You can continue to earn miles as you use your VentureOne card to make everyday purchases. Cardholders earn 1.25 miles per dollar spent, and there’s no limit to how many miles you can earn. 

For example, if you spend $1,000 on groceries every month, you can use your credit card to make those purchases and earn 15,000 miles annually just for funding your life. Just remember to pay your statement off every cycle to avoid unnecessary interest expenses.

Frequent travelers can rack up even more miles. You earn 5 miles per dollar spent on rental car and hotel bookings if you book and pay through Capital One Travel, making this one of the best travel credit cards.

Redeeming miles

Perhaps the best way to get optimal value out of your miles is to use them to book travel through Capital One Travel. You can use price prediction through the app to save on flights. You can also use your miles to get reimbursed for travel you already paid for with your card via a statement credit.

If you’re a frequent flier with a certain airline or belong to a hotel loyalty program, you may be able to transfer your miles to one of those programs. Capital One partners with more than 15 airline and hotel rewards programs to offer this benefit.

Even if you don’t have upcoming travel planned, you can benefit from your VentureOne card rewards miles. For example, you can use your miles to cover purchases on Amazon or with PayPal. Other options for redemption include using miles to purchase gift cards or available merchandise. 

Capital One VentureOne Rewards Credit Card benefits

As a Capital One VentureOne Rewards Credit Card account holder, you get more than rewards miles. The card comes with several benefits for travel and everyday shopping. 

Travel benefits

Most decent travel rewards credit cards come with other travel perks, and the Capital One VentureOne card is no different. 

Some travel benefits include:

Shopping benefits and protections

You can enjoy Capital One benefits when using your card around your hometown and online, thanks to perks such as:

Other benefits

You get other benefits as a VentureOne Rewards account member, including:

Fees, rates & limit

Before you apply to or accept an offer for any credit card, make sure you understand the details in the fine print. You need to weigh the cost of fees and interest against the potential perks of card membership to make the right decision for your personal finances.

Fees

The Capital One VentureOne card has no annual fee, which is a major plus for any rewards credit card. That means if you avoid other fees and interest expenses, the value of the rewards you earn can truly be like money in your pocket.

Other fees you might pay with this card, depending on how you use it, include:

Interest rates

Your credit card interest rate determines how much your debt costs if you carry balances over from month to month. The interest charged depends on the type of balance you carry.

Capital One VentureOne APR

APR type APR
Introductory APR on purchases 0% for the first 15 months
Introductory APR on balance transfers 0% for the first 15 months
Regular APR on purchases and balance transfers 19.99%, 26.24% or 29.99% variable depending on creditworthiness and other factors at the time of your application
APR for cash advances 29.99% variable

Credit limit

Your credit limit on this card depends on your credit score, income and other factors. The minimum credit limit seems to be $5,000 based on reports from cardholders. Often, VentureOne cardholders with excellent credit are approved for $10,000 or more in initial credit limit, and some card members have reported much higher credit limits

How the Capital One VentureOne Rewards Credit Card compares

The Capital One VentureOne Rewards card for excellent credit is a fairly basic travel rewards credit card. It offers some good baseline perks and an easy rewards structure, making it a convenient option for anyone who wants to earn miles. 

The fact that it has no annual fee may make it attractive to frequent travelers and rewards card enthusiasts, as it can be added to a wallet without any additional expense.

However, there are numerous other credit cards on the market with rewards structures that allow for more value, although some of those cards come with annual fees. Frequent travelers may be able to earn enough rewards with some other hotel cards or airline cards to more than cover any annual fee.  

Capital One VentureOne Rewards Credit Card vs. Capital One Venture Rewards Credit Card

The Capital One Venture Rewards Credit Card is a step up from the VentureOne card when it comes to rewards structure and travel perks. You can earn 75,000 bonus miles when you spend $4,000 in the first three months with the Venture Rewards card, and you earn 2 miles per dollar spent on everyday purchases rather than 1.25 miles. You also get a $100 credit toward TSA PreCheck or Global Entry fees, a $50 annual experience credit and other travel perks.

There’s a trade-off, though. The Venture Rewards card has a $95 annual fee and doesn’t come with any sort of introductory APR offer for purchases or balance transfers.

Is the Capital One VentureOne Rewards Credit Card right for me?

The Capital One VentureOne Rewards card is a good option for casual travelers who want an easy way to earn miles on regular purchases. If you have excellent credit, like the idea of a flexible travel rewards program and want to avoid the annual fee, this card is worth a look.

If you only have good credit, you may still qualify for the VentureOne Rewards for Good Credit card, which has similar perks but doesn’t include the welcome bonus or introductory APR offer.

If you don’t consider the VentureOne card to be right for you, but you want to stick with Capital One, check out these reviews to see if you find a better option.

Capital One is more than just a credit card issuer

The first step in growing and maintaining consistent savings is to understand your personal finances through checking and savings accounts, credit cards, and more.

If you want to save and grow your money, consider the following Capital One products:

How do I apply for the Capital One VentureOne Rewards Credit Card?

You can learn more about the Capital One VentureOne Rewards Credit Card and apply online.

You’ll need your full name, Social Security or Tax ID number and date of birth. You will also need to provide a residential address and some information about your income and expenses. The application only takes a couple of minutes to complete.

Capital One typically informs you almost immediately if you’re approved or not. In some rare cases, the credit card company may need you to provide additional information, and that can delay your application results.

You need excellent credit to get approved for this card, although there’s an option for individuals with good credit.

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FAQ: Capital One VentureOne Rewards card

Is the Capital One VentureOne Rewards Credit Card worth it?

The Capital One VentureOne Rewards card offers a simple rewards structure that lets you earn miles you can use toward a variety of travel opportunities. You can also redeem miles to pay for goods on Amazon or with PayPal. If you want a travel rewards credit card but don’t want to pay an annual fee, this card might be worth it.

What is the Capital One VentureOne Rewards Credit Card credit limit?

The credit limit on your Capital One VentureOne card account depends on a variety of factors, including your credit score and credit history, the amount of debt you already carry and your income. The minimum credit limit is $5,000, although many people qualify for a higher limit.

What credit score do you need to get the Capital One VentureOne Rewards Credit Card?

You need an excellent score to get the VentureOne card for excellent credit. Typically, very good or excellent scores are considered to be those in the mid-700s or higher.

Is it hard to get the Capital One VentureOne Rewards Credit Card?

The application process for the VentureOne Rewards card is easy and only takes a few minutes. However, you have to meet minimum creditworthiness requirements, which include having excellent credit. If you don’t qualify for this card, there are other travel rewards and cash-back cards for people with good credit. Good credit scores are those in the upper 600s and lower 700s.

Can you upgrade from the Capital One VentureOne Rewards Credit Card to another Venture card?

Capital One sometimes sends offers to current cardholders for upgrades to other cards in the same line. In this case, the upgrade would likely be to the Venture Rewards card previously mentioned in this review. If you haven’t received an upgrade offer after six months or more of being a card member, you can contact Capital One customer service to find out if you’re eligible for one.

Sarah Stasik
Sarah Stasik Personal Finance

Sarah Stasik is well versed in personal finance thanks to her previous role as a Revenue Cycle Manager for a Fortune 500 healthcare company. Using her inside knowledge and expertise, Sarah often covers topics ranging from insurance and the economics of private healthcare to personal finance and small business management.

With more than a dozen years of writing experience, Sarah has tackled niches that range from technical advances in fintech to personal budgeting challenges. She has covered topics such as insurance and the economics of private healthcare, small business management and accounting, and credit and savings. Her writing focuses on making complex or seemingly daunting financial topics more accessible and providing helpful and relevant resources for readers.

* Opinions expressed here are those of the LA Times Compare Cards Team and have not been reviewed or approved by any advertiser or entities included within this content. See our editorial policy for more details.

All products or services are presented in this content without warranty. The information, including card details such as rates and fees, is accurate at the time of publish. Please visit each bank's website directly for the most current information.

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